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RECORDED BOOKS OFFERS 1500 TOP AUDIOBOOK TITLES IN INNOVATIVE PLAYAWAY DIGITAL FORMAT

Prince Frederick, MD, November 3, 2008—Recorded Books, LLC, the world’s premier
publisher of unabridged audiobooks, now offers over 1,500 exclusive audiobook
recordings on the popular Playaway pre-loaded digital audio player.

Recorded Books’ current catalog of titles in the increasingly popular Playaway digital
format includes such best-sellers as The Story of Edgar Sawtelle by David Wroblewski, The Kite Runner by Khaled Hosseini, Girl with a Pearl Earring by Tracy Chevalier, and Marley & Me by John Grogan. This exciting digital format has also helped bring such acclaimed authors as Jeffery Deaver, Elmore Leonard, Jodi Picoult, and many others to a wider audience. Recorded Books’ high-quality audiobooks are also available in the CD format.

“Recorded Books is pleased to offer libraries this huge catalog of titles in this extremely
popular, modern format,” says Matt Walker, Vice President of Sales and Marketing for
Recorded Books. “The Playaway player appeals equally to young book lovers—who are
avid users of today’s sleek cell phones, iPods, and MP3 players—and to traditional
audiobook fans who value the convenience and portability of the Playaway.”

Recorded Books offers exclusive children’s and young adult titles in the Playaway
format. Current titles in this category include Rules by Cynthia Lord, Judy Moody Saves the World! by Megan McDonald, The Fairy-Tale Detectives by Michael Buckley, and National Book Award winner The Absolutely True Diary of a Part-Time Indian by Sherman Alexie.

Playaway, produced by Findaway World, is the first self-playing digital audiobook. It is a
lightweight, compact, easy-to-use device with durable packaging that is designed for use
in high-circulation libraries. The selection of titles available in the Playaway format
covers children and young adults, fiction and nonfiction, mysteries, suspense, romance,
inspirational, educational courses, foreign language courses, and other categories. New
selections are added every month.

About Findaway World:
Findaway World, LLC, a privately held company based in Cleveland, Ohio, is dedicated
to delivering innovative, easy-to-use digital audio products to consumers who need them.
The company’s latest product, Playaway, is the first digital audio player of its kind,
coming pre-loaded with premier content from leading publishers and authors. Learn more
about the company and the product at www.playawaydigital.com.


About Recorded Books:
Recorded Books, LLC, a Haights Cross Communications company, produces and
distributes unabridged audiobooks and other audio products to public and university
libraries and schools on CD, cassette and Playaway. Over 8500 titles are available for
adults, children, and young adults in English and Spanish languages narrated by
professional, award-winning actors. Recorded Books also distributes music, educational
lectures, independent films, and nonfiction films on DVD. Packaging is designed for high
circulation. One-year warranty, cataloging, processing, and free MARC records are
available. For more information, visit www.recordedbooks.com.


Safe Harbor Statement:
This press release contains forward-looking statements which you can identify by terms such as “subject
to”, “might”, and similar expressions intended to identify forward-looking statements. Forward-looking
statements include statements regarding the Company’s plans, objectives, expectations and intentions. Such
statements include, without limitation, statements regarding: the Company’s ability to refinance its term
loans. These statements reflect our current views with respect to future events and are based on
assumptions and subject to known and unknown risks and uncertainties. These risks and uncertainties may
cause our actual results, performance or achievements to be materially different from those expressed or
implied by our forward-looking statements. Factors that may cause our actual results to differ materially
from our forward-looking statements include, among others, factors identified by us in documents filed by
us with the Securities and Exchange Commission including those set forth in our Form 10-K for the year
ended December 31, 2007, under the caption “Risk Factors”. These uncertainties and other factors may
cause our actual outcome of the transactions discussed in this release to be materially different from those
expressed or implied by our forward-looking statements. In light of these uncertainties, there can be no
assurance that the events and circumstances described in forward-looking statements contained in this press
release will in fact occur. You should read this press release completely and with the understanding that
our actual results may be materially different from what we expect. We will not update these forwardlooking
statements, even though our situation may change in the future. We qualify all of our forwardlooking
statements by these cautionary statements.


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